Govt expects $4.5bn from external sources in FY24: Finance Minister

MG News | December 13, 2023 at 10:09 AM GMT+05:00

0:00

December 13, 2023 (MLN): The government anticipates raising approximately $4.5 billion from multilateral and bilateral sources, excluding the International Monetary Fund (IMF) in the current fiscal year, Finance Minister Dr. Shamshad Akhtar said in an interview with the Institute of Cost and Management Accountants of Pakistan (ICMA).

For the second quarter, the government expects to receive over $1.6bn from these sources, she said.

Major creditors include the Asian Development Bank, the World Bank, and the Asian Infrastructure Investment Bank.

These inflows comprise both project-based and program-based funds. Negotiations for some program loans have been completed, and disbursements are expected.

The minister said that the country is currently meeting its debt obligations in a timely manner and intends to continue doing so in the future.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	138,597.36 256.32M	-0.05% -68.14
ALLSHR	85,286.16 608.38M	-0.48% -413.35
KSE30	42,340.81 77.13M	-0.03% -12.33
KMI30	193,554.51 76.19M	-0.83% -1627.52
KMIALLSHR	55,946.05 305.11M	-0.79% -443.10
BKTi	38,197.97 16.53M	-0.59% -225.01
OGTi	27,457.35 6.73M	-0.94% -260.91

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	117,265.00	121,165.00 117,035.00	-2025.00 -1.70%
BRENT CRUDE	69.28	70.77 69.14	-0.24 -0.35%
RICHARDS BAY COAL MONTHLY	96.50	0.00 0.00	2.20 2.33%
ROTTERDAM COAL MONTHLY	104.50	104.50 104.50	-0.30 -0.29%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	66.08	67.54 65.93	-0.15 -0.23%
SUGAR #11 WORLD	16.79	17.02 16.71	0.05 0.30%